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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
South African Rand/ (FOREX:ZARZMW)
Bull Market Weakness (+75) - ZARZMW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARZMW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARZMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARZMW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARZMW
The long-term trend has been DOWN since Feb 23rd, 2024 at 1.1851177
The intermediate-term trend has been UP since Mar 12th, 2024 at 1.3126607
The short-term trend has been UP since Apr 18th, 2024 at 1.3313672
Smart Scan Analysis for ZARZMW
Based on our trend formula, ZARZMW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3312915 | 1.3385906 | 1.3309287 | 1.3367704 | +0.0054790 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3312915 | 2024-04-19 08:54:43 |